Kentlands Community Foundation Inc
- Assets
- $188.4k
- Revenue
- $237.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Gaithersburg, MD
- Founding
- 07/1994
- Data as of
- 12/2019
- EIN
- 52-1857420
Organization Overview
Kentlands Community Foundation Inc is located in Gaithersburg, MD. The organization was established in 1994. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentlands Community Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2019, Kentlands Community Foundation Inc generated $237.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $195.8k during the year ending 12/2019. While expenses have increased by 7.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE CULTURAL AND COMMUNITY FELLOWSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORED 5K RACE TO PROMOTE NEW URBANIST COMMUNITIES
YOUNG ARTIST AWARD TO PROMOTE THE ARTS UNDER THE LIGHTS UNDER THE LIGHTS UNDER THE LIGHTS UNDER THE LIGHTS UNDER THE LIGHTS UNDER THE LIGHTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruthzaly Weich Chairman | OfficerTrustee | 0 | $0 |
Rob Garretson Vice Chair, Kca Liaison | OfficerTrustee | 0 | $0 |
Gerald Stasko Treasurer | OfficerTrustee | 0 | $0 |
Ailene Renzi Secretary | OfficerTrustee | 0 | $0 |
Jean Brady At Large | Trustee | 0 | $0 |
Jaree Donnelly At Large | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,122 |
| Investment income | $393 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $237,690 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $45,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,043 |
| Advertising and promotion | $3,611 |
| Office expenses | $1,319 |
| Information technology | $2,408 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,455 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,917 |
| All other expenses | $3,302 |
| Total functional expenses | $195,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,001 |
| Savings and temporary cash investments | $95,393 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $188,394 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,078 |
| Deferred revenue | $5,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,078 |
| Net assets without donor restrictions | $176,540 |
| Net assets with donor restrictions | $5,776 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $182,316 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Kentlands Community Foundation Inc has recieved totaling $6,506.
| Awarding Organization | Amount |
|---|---|
Arts And Humanities Council Of Montgomery County In Silver Spring, MD PURPOSE: PROJECT GRANT | $5,500 |
Hanson Family Foundation Bethesda, MD PURPOSE: GENERAL SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Washington Community Foundation Washington, DC | $525,338,994 | $244,699,070 |
Pittsburgh Foundation Pittsburgh, PA | $1,354,368,497 | $110,535,351 |
Philadelphia Foundation Philadelphia, PA | $669,216,014 | $72,684,648 |
The Community Foundation Inc Richmond, VA | $859,349,771 | $152,790,051 |
Charlottesville Area Community Foundation Charlottesville, VA | $339,690,669 | $77,610,040 |
Delaware Community Foundation Wilmington, DE | $375,445,649 | $92,895,086 |
Baltimore Community Foundation Inc Baltimore, MD | $302,066,491 | $73,158,770 |
Hampton Roads Community Foundation Norfolk, VA | $431,066,210 | $16,919,172 |
Erie Community Foundation Erie, PA | $290,579,169 | $26,731,197 |
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
The Community Foundation Of Harrisonburg And Rockingham County Harrisonburg, VA | $68,152,988 | $23,085,179 |
Greater Kanawha Valley Foundation Charleston, WV | $329,426,372 | $27,972,481 |